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warning those workers. here's the federal law and what it says. it says that companies with 100 or more workers must provide 60 days notice before mass layoffs or plant closings, or those workers can get up to 60 days of back pay if they are not notified. the republicans are crying foul and eamon javers picks under the story. >> reporter: here's what the omb said in late september -- it is neither necessary or appropriate for federal contractors to provide warn act notice to employees 60 days in advance of the potential sequestration because of the uncertainty about whether sequestration will occur. i've toualked to employees at t white house and omb about this question. their idea is this -- first of all, there's uncertainty about the fiscal cliff itself, whether it is actually going to happen or not. they say that the warn act is only required for those planning specific cutbacks and specific plant closings and they say since the employers in this case federal contractors don't know that sequestration is going to happen, therefore they don't have any specific information. and also the
protection project. ms. rotunda is a former army jag attorney and a military law pro first at chapman university. kendra, welcome. >> thank you. >> what's going on here? are you saying in this that the absentee ballot process which supposedly was improved by law is not working? and so the men and women can't vote? >> it's not working and it's not working because the pentagon simply is not following the law. they're ignoring federal law. they're supposed to have military voter registration on federal bases and they're just not doing it. and it's leading to what we think are going to be record lows in military rovoter turnou by as great as 70% dips in key states like virginia and ohio. >> if i were a cynic, if i were a cynic i would say this is because polls show 60% of military voters vote republican. now, would i be too cynical? >> you know, who knows? but what really matters is it doesn't matter how they vote, it matters that they vote. and this is clearly frustrating their right, their opportunity, to be able to cast a ballot this election year. and the pentagon frankly seems not to
or fast and furious, but they found more stuff that he's done under the law to maximize profits and minimize taxes. they got him ted dead to rights again. i don't know if any american cares. do you remember how the kennedys made their money? >> i think there was some boot legging. >> might have been a little boot legging. john kerry married and then left his yacht in providence or something, didn't he. and then john edwards flipping his magnetic business card at all the ambulances going by made $80 million. it's weird, isn't it? >> he was a good lawyer. >> and a hell of a human being, too, johnny. we have ten seconds. >> i don't think additional incremental disclosures about offshore investments will make a big deal. >> all right, my friend, thank you. >>> when we come back, we'll get to kevin ferry from the cme, we'll find out what's most likely to drive action on the second day of the quarter. smart comes with 8 airbags, 3 a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. monarch of
.s. laws. it is likely to become fodder for the u.s. presidential campaign, and there was a big piece -- >> on "60 minutes" and "wall street journal" and chavez won. >> apparently this is just a rumor, the bls the entire of bureau labor statistics from here was flown down to venezuela to monitor the election. >> the chicago guys were thrown down. >> ba-dum-boom. let's get to the story, the venezuelan president hugo chavez as joe was just saying -- >> 54-45. >> comfortable election victory that could extend his rule to 20 years. the next election isn't officially for six years but you had tens of thousands of ecstatic supporters flooding the streets around the presidential palace in downtown caracas, pumped their fists in the air and started shouting chavez's name. enrique capriles, he was beat by more than nine points. it will extend a wave of nationalizations and continue his support for left wing allies. we've heard how important this is for cuba, he has billions at his fingertips because of the oil produced there. this is the country we think has the biggest oil reserves in the wor
of america decided to take the money. then they had to go to an equity law firm. this is encouraging to me. i would think this actual bailout is one that says, we are now past, the pig is much further along. you don't want a python swallowing a pig, but it's going to follow it when it is finished. >> words to live by, jim. words to live by. >> i think about that often, actually. >> we just listened to an incredible hour of television on "squawk box" with zell talking about what he's seen in the economy, talking more about corporate i.t. upgrade cycles. here's what zell said not too long ago. >> nobody wants to make commitment to be on tomorrow. we run a company that does a lot of corporate enterprising installations. and one of their triggers is when the enterprise projects start getting delayed, we are heading for a recession. and that's exactly what you're looking at right now. >> when the enterprise project starts getting delayed, we are heading for a recession. that collides with the calls we are seeing regarding cisco right now. jim, channel checks going on? >> cisco, morgan stanley put
, president obama's done a much better job in enforcing the trade laws than we've ever seen before. he's pushed china. he just won three cases. he won a case on pipe to put thousands of people back to work. he won a case of tires that put people back to work. and he just filed one on auto parts. look, mitt romney's talk is cheap. he'll go back to this -- he's working on currency. we're all working on currency. mitt romney will go back to the same paradigm that we had before. signing agreements that are good for wall street but not good for main street. >> even though this tax increase that we're about to see is going to increase taxes for anybody making more than $250,000. >> which tax increases you talking about? >> the fiscal cliff issue as we see the tax cuts expire at year end. >> well, the president said he wants to continue those tax breaks for people earning less than $250,000. it's the republicans that say no, we won't give anybody anything unless the millionaires and billionaires get their tax cut too. they don't need -- they need to pay their fair share. and we -- >> thanks,
party. in fact, that's not the case. enterprise law in china requires a kfc china or walmart china or cisco china or hauwei to allow for the existence of a communist party committee within the organization. hauwei, like these other companies, allows for that existence. the communist party committee doesn't have any interaction with or influence on our business operations. >> but it's alleged by our investigators that the company did not cooperate at all with the investigation. is that true? and if so, why not? if there's nothing to hide, if the company did nothing wrong, why not cooperate? >> oh, that's a great point. the company cooperated immensely. we hosted the staff in washington in december and then in china in february and members and staff in hong kong in may, with our ceo. we responded to multiple ent interrogatories, delivered reams and reams of paper. while we were with transparency and good faith, we got a book-long press release that launched the investigation last november. >> they go into quite a lot of detail in the report itself, and a lot of it, hauwei, they say,
employees, even though the law dictates that they must. and today lockheed martin says it won't issue layoff notices before the election as it had planned to do. . it said it receivered assurances from the white house that the money would not be cut in january. how is that possible? aren't the costs mandatory if we hit the fiscal cliff? well, yes, but the administration could prioritize based on any criteria it chooses. perhaps it will make sure funds go to ensure that thousands of lockheed employees in northern virginia, a key swing state won't lose their jobs. but contract in states like georgia or alabama, well, those assurances may not come. that's just my observation. before we go, that will do it for the "closing bell" today. the market, of course, higher at the close but off of the best levels of the afternoon. hope you'll follow me on twitter and
a charter school law. we've only got about -- >> charter school law that says what in. >> that charter schools are allowed. we have ten states where you can't have a charter school, you can only have public schools, the standard. >> but the money we throw with at education, with what we spend if you did it the right way. >> we spend way more than anybody else. one of my sideline activities is running a charter school system out of arizona, we just opened our first school in washington, d.c., school name is basis. we've got two other top high schools in the u.s. in a ten-year-old charter school system. it's possible to do it. we don't hire teachers, we hire content experts for the classroom, we put some degree of tension in the classroom. we have international expectations. kids, we were all kids once, kids jump as high as you ask them to jump, and the basic problem in our education system is we set the bar so deangelo they don't have to work to get over it. >> put tension in the classroom? >> you pay teachers for performance, and you tell kids you don't pass the test, you don't move fo
by federal law, but what this question is on the ballot is basically saying that the rights of collective bargaining apply to all public employees, so let's take it one step further. what it really means is when it comes to michigan and the state government's ability to say, look, foodservice in the schools will be handled by private companies, bus transportation handled by private companies, what you're looking at is 2 to $3 billion in additional costs onto the state government in michigan calling collective bargaining a state protected right for state union employees, and so number one, this is a huge issue for the state of michigan. it is big for the governor. i think that if you look at what's happened in wisconsin, you're going to see hopefully the same level of success over in michigan. people understand that while we're -- >> we're a little short on time. i hate to cut you off here. there is going to be interesting questions at this week's debate and i would like to have you back next week to talk about it. thanks. >> i would love to. >> don't forget to watch the coverage of the fi
violated some laws. how important is this, dave? >> it's important. chairman rogers was an important component of the piece we did early this month that was on chinese cyber espionage. it focused on huawei. a company discovered the chinese were in their system, nortel. they went out of business. some claim it's because of huawei. chairman rogers is trying to raise the alarm on this. i can only tell you from firsthand experience, so many ceos of fortunate 500 companies who would not come on the program that we did a number of months ago because they fear for their business in china have admitted to me face to face that their firewalls had been breached by the chinese, that they'd been informed of that by the fbi. and so by doing this, chairman rogers simply is able to raise a larger awareness of it. as for the huawei allegation, we'll see. we haven't seen the report yet and the specifics. >> the reason why the issue has been treated with -- this has been going on over the course of a decade at least. it's not just in technology. it's in other areas of business where intellectual prope
stabilization act became law. it created the $700 billion t.a.r.p. program. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or make 70,000 trades a second... ♪ reach one customer at a time? ♪ how do you help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. and those well grounded. for what's around this corner... and the next. there's cash flow options from pnc. solutions to help businesses like yours accelerate receivables, manage payments, and help ensure access to credit. because we know how important cash flow is to reaching your goals. pnc bank. for the achiever in you. >>> i don't know. >> oh. okay. hi. stocktober. not too early to talk about halloween. do you remember when it was? 2009. 2009. 2009. going up 1 billion this year. to what? $8 billion. >> what does the average family spend? >> i think on trick-or
Search Results 0 to 11 of about 12